Editors Note:

I really want to believe the market is going higher. However, the individual stock charts are not confirming. I looked at more than 300 individual charts again today and well over 95% were negative. The rest were neutral. The only charts with positive trends are the big cap tech stocks that are lifting the Nasdaq 100 and they are too expensive and option premiums too high to recommend. I am wary of the market after President Trump's comments today and the increasing volatility. I am not making any new recommendations. However, if you must buy something you could look at AMT, MNK, JKS, MYL or puts on KR.

Cash is a position when there is no dominant direction.

 

New positions are only added on Wednesday and Saturday except in special circumstances.


NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays